Glynn Capital Management LLC Sells 7,585 Shares of Datadog, Inc. (NASDAQ:DDOG)

Glynn Capital Management LLC lowered its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 304,924 shares of the company’s stock after selling 7,585 shares during the quarter. Datadog comprises 6.9% of Glynn Capital Management LLC’s holdings, making the stock its 4th largest position. Glynn Capital Management LLC’s holdings in Datadog were worth $37,012,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new stake in Datadog during the 4th quarter worth about $25,000. BluePath Capital Management LLC purchased a new stake in Datadog during the third quarter worth approximately $31,000. Private Trust Co. NA lifted its stake in Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares during the last quarter. AM Squared Ltd acquired a new position in Datadog in the third quarter valued at approximately $36,000. Finally, GAMMA Investing LLC purchased a new position in Datadog in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of DDOG stock traded up $0.49 during trading hours on Wednesday, reaching $125.99. 2,677,479 shares of the company’s stock were exchanged, compared to its average volume of 4,005,845. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. The company’s 50 day moving average is $125.19 and its two-hundred day moving average is $117.94. The company has a market cap of $41.81 billion, a P/E ratio of 1,045.83 and a beta of 1.15. Datadog, Inc. has a 1 year low of $63.00 and a 1 year high of $138.61.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. Datadog’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) earnings per share. Equities research analysts anticipate that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Insider Activity

In related news, CEO Olivier Pomel sold 133,315 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the sale, the chief executive officer now owns 299,075 shares of the company’s stock, valued at $38,825,916.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Datadog news, CRO Sean Michael Walters sold 20,692 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $128.58, for a total value of $2,660,577.36. Following the sale, the executive now owns 182,593 shares of the company’s stock, valued at $23,477,807.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 133,315 shares of Datadog stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total value of $17,306,953.30. Following the transaction, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at approximately $38,825,916.50. The disclosure for this sale can be found here. Insiders sold 759,908 shares of company stock worth $97,728,997 in the last 90 days. 11.78% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DDOG. Mizuho boosted their price objective on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Wells Fargo & Company raised shares of Datadog from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $130.00 to $150.00 in a research report on Tuesday, April 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $152.00 price objective on shares of Datadog in a report on Monday, April 22nd. Truist Financial lifted their target price on Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Finally, Needham & Company LLC upped their target price on Datadog from $125.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Five equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.70.

Datadog Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.